Financial highlights
Four acquisitions completed in the year broadening our geographic range and routes to market.
Revenue growth of 18.7% (18.6% at constant currency) comprised:
organic revenue growth of 3.0% (3.1% at constant currency); and
inorganic revenue growth of 15.7% (15.5% at constant currency) as a result of acquisitions.
Adjusted operating profit growth of 10.4% to £32.5 million (10.3% at constant currency).
As anticipated, adjusted operating profit margin declined by 1.6%, as a consequence of new acquisitions. Like-for-like adjusted operating profit margin improved by 0.2 percentage points to 22.8%.
Reported profit before tax of £18.4 million (2015: £15.5 million).
Net debt increased as a result of four acquisitions made in the year; adjusted EBITDA ratio of 1.0x.
Full year dividend of 3.80 pence per share, up 15.2%.
Adjusted EPS growth of 14.5% to 12.6 pence (2015: 11.0 pence).
